RENAULT are the latest car company to become embroiled in an emissions scandal, as details emerged that the French car company were begin investigated over cheating exhaust emissions.

Renault have been accused of using diesel emissions defeat devices in probe by French authorities

Just days after it emerged that Fiat Chrysler were accused of using defeat devices to cheat emissions tests, Renault are facing a probe.

Fiat Chrysler Chief Executive Sergio Marchionne rejected the allegations, saying there was no wrongdoing and the company never attempted to create software to cheat emissions rules by detecting when the vehicle was in test mode.

This follows the Volkswagen diesel emissions scandal,. which emerged in Septemebr 2015.

Renault Clio Signature Nav Edition 2017

Renault have announced the Signature Nav Edition Clio range for 2017 which offers a more luxury package for buyers.

It comes two months after the prosecutors were passed the findings of an investigation by the French Government's fraud agency.

This story is not going to go away any time soon

Terry Torrison, managing director at Monaco-based McLaren Securities

The result of this probe has actually caused shares in the French car company to suffer slightly, peaking at four per cent down.

Diesel emissions scandal inquiries will impact automotive stocks in the short term said Terry Torrison, managing director at Monaco-based McLaren Securities, to Reuters

"The car sector had a good run-up last year, but it's a sector that I'm now negative about.

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The company are now being investigated

"Every regulator seems to have a bee in their bonnet about diesel emissions.

"This story is not going to go away any time soon," Torrison said.

In a joint release dated 9 November 2016, the Ministers of the Economy and Industry had announced that the DGCCRF had ended its investigations on Renault engines and sent its conclusions to the Public Prosecutor in Nanterre. The latter has since sent the file to the Public Prosecutor in Paris, who has interregional jurisdiction in consumer affairs.

Groupe Renault acknowledges, without having been able to obtain official confirmation thereof at this stage, the opening of judicial investigations on the ground of ‎"deceit on essential qualities and inspections conducted, these facts having led to the products being dangerous for the health of humans or animals."

This new development in the procedure would suggest that the Public Prosecutor wishes to continue the investigations.